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Israeli Cyber Crime Unit Raids Company Accused of Producing a Crypto-Stealing ‘Sting Software’
7.9.2023
Israeli law enforcement recently raided the offices of a company accused of producing software used by criminals to defraud crypto investors of millions of dollars. Some six suspects were arrested following the raid on a company that is reportedly operated by the country’s infamous crime families....
Blanket Crypto Bans Won’t Work, Joint IMF, FSB Paper Warns
7.9.2023
The global standard-setters instead suggest targeted restrictions when necessary, and urges jurisdictions to strengthen monetary policy frameworks
Depressed Crypto Markets, Regulatory Risks Fail to Dissuade Asset Managers From Investing
7.9.2023
Almost half the 60 buy-side professionals surveyed from U.S. and Europe-based asset managers and hedge funds said they're actively managing digital assets
Failed Crypto Lender Celsius Attempts to Recoup Assets From EquitiesFirst Holdings
7.9.2023
Beleaguered crypto lending firm Celsius Network, that went bankrupt in July 2022, has filed an “adversary complaint” against private lending platform EquitiesFirst, in an attempt to recover assets.
The complaint was filed in a sealed bankruptcy document on Sept. 6, seeking injunctive relief and...
Blockchain Firm Raises Millions From Andreessen Horowitz, Paris Hilton to Help Monetize AI Mashups
7.9.2023
Investors led by Andreessen Horowitz have backed a company that has set out to help content creators monetize their work in the age of artificial intelligence (AI). The tech firm intends to employ blockchain technology to track remixes and mashups that have been spreading online since the invent...
FASB Approves New Accounting Standards for Crypto Holdings
7.9.2023
The Financial Accounting Standards Board (FASB) in the United States has given unanimous approval to new accounting standards for disclosure of cryptocurrency holdings.
The FASB, a non-governmental entity overseen by the U.S. Securities and Exchange Commission (SEC), introduced these rules...
Rejection of crypto bill exposes Aussies to ‘unregulated market’ — Senator Bragg
7.9.2023
Senator Andrew Bragg says rejecting his crypto bill will drive investment away from Australia but lawyers claim it's part of a bigger regulatory picture
FASB rules ‘eliminate the poor optics’ that shied firms from crypto: Analyst
7.9.2023
“The change should help MicroStrategy and other companies that hold digital assets to eliminate the poor optics that have been created by impairment losses,” said analysts from Berenberg Capital
Ripple Labs chair slams Biden, Gensler for having ‘screwed up’ on crypto
7.9.2023
Ripple Labs chair Chris Larsen commented on the recent cases involving Ripple, Grayscale, and the SEC, arguing it is time for Congress to take the lead on crypto policy
Russia: Illegal Crypto Miner ‘Stole $225,000 From Grid’
7.9.2023
An illegal crypto miner in Russia caused “considerable damage” to a local grid and stole around $225,000 worth of electricity, a power provider has claimed.
Per the Russian legal publication Pravo, the miner allegedly siphoned off electricity from the grid in Yuzhno-Sakhalinsk, in the Sakhalin...
Dork Lord Price Pumps After Pepe Meme Founder Tweet, Which Crypto Could Explode Next?
7.9.2023
Pepe the Frog has inspired yet another meme token, as unknown developers unveiled Dork Lord (DORKL) Wednesday shortly after Pepe creator Matt Furie tweeted some Star Wars-themed artwork featuring the iconic amphibian character.
Listed anonymously on Uniswap, DORKL pays homage to Furie's Pepe...
Ex Celsius CEO Mashinsky Assets Frozen by Court – Here's the Latest
7.9.2023
A federal court has ordered assets and bank accounts belonging to Alex Mashinsky, the former CEO of bankrupt crypto lender Celsius to be frozen.
A court filing on Sept 5 revealed that a judge in the Southern District of New York signed off the request to freeze Mashinksy's assets as the criminal...
Analyst Predicts SEC Will Approve First Spot Bitcoin ETF by Mid-March Next Year
7.9.2023
Asset management firm Bernstein has predicted that the U.S. Securities and Exchange Commission (SEC) will approve its first spot bitcoin exchange-traded fund (ETF) between mid-October and mid-March next year. The firm’s analyst believes that “the crypto ETF opportunity won’t...
Government Websites Hacked by MetaMask Scammers to Target Crypto Investors
7.9.2023
Multiple government-owned websites are being leveraged by crypto scammers to con visitors with fake redirection links related to the popular crypto wallet, MetaMask....
Read More: Government Websites Hacked by MetaMask Scammers to Target Crypto Investors
Best Crypto to Buy Now September 6 – Synthetix, Chainlink, Render
7.9.2023
Investment manager Grayscale is urging the Securities and Exchange Commission (SEC) to expedite the conversion of the Grayscale Bitcoin Trust (GBTC) into a Bitcoin exchange-traded fund (ETF).
This comes on the heels of Grayscale's major court victory over the SEC last week.
In light of...
80% of South Koreans Consider Crypto a Form of Gambling, Survey Finds
7.9.2023
A South Korean survey has found that 80% of citizens think crypto is a form of “gambling,” while many expressed fears about the dangers of rug-pulls and token price manipulation.
The survey was conducted by the newspaper Segye Ilbo, in conjunction with the research firm Embrain.
The survey...
Change to US accounting rules will be a boon to companies holding crypto in 2025
6.9.2023
The FASB has recommended that crypto be recorded at fair market value on corporate balance sheets, removing possibly significant impairments but adding to volatility
Bitcoin’s 21 Million Supply Cap: Immutable Truth or Future Flexibility?
6.9.2023
This week, the crypto community is abuzz with discussions about Bitcoin’s 21 million supply cap and the potential for its alteration. On September 4, in a social media exchange, software developer and Bitcoin Core contributor Peter Todd expressed his belief that in “10-20 years the idea of...
Crypto Market-Making Profit Margins Take a Hit, Down 30% Amid Industry Changes
6.9.2023
The once-lucrative business of market-making in crypto, facilitating trades and profiting from the spread between buying and selling prices, has faced headwinds recently.
One major factor contributing to this decline is the heightened caution among investors following the crypto market's downturn...
Arkham Intelligence Identifies Grayscale’s $16 Billion Onchain Bitcoin Holdings
6.9.2023
Arkham Intelligence, a leading crypto analytics firm, unveiled on Wednesday its findings on Grayscale’s Bitcoin Trust onchain holdings. This revelation comes just six days after Arkham shed light on the fund manager’s onchain ethereum assets. Unmasking Grayscale’s Bitcoin...